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Milestones in the development of smart card technology: 1970 - Dr. Kunitaka Arimura of Japan filed the first and only patent on the smart card concept. 1974 - Roland Moreno of France filed the original patent for the IC card, later dubbed the smart card. 1977 - Three commercial manufacturers, Bull CP8, SGS Thomson, and Schlumberger began developing the IC card. 1979 - Motorola developed the first secure single chip microcontroller for use in French banking. 1982 - Field testing of serial memory phone cards took place in France-the world's first major IC card test.
According to Wired' s David Pierce, the device was likely invented as the Smart S1 by Chic Robotics, a Chinese technology company associated with Zhejiang University, founded in 2013. The company released the Smart S1 in August 2014, and the device became a popular success at the 2014 Canton Fair trade show. Chic Robotic patented technologies associated with the board, but due to China's lax copyright enforcement, the product was illicitly copied by several Chinese manufacturers.